GBP/USD Intraday: bullish bias above 1.2310

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Watch 1.1100.

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Pivot (invalidation): 1.1040

Our preference
Long positions above 1.1040 with targets at 1.1085 & 1.1100 in extension.

Alternative scenario
Below 1.1040 look for further downside with 1.1015 & 1.0990 as targets.

Comment
The RSI advocates for further upside.

GBP/USD

Bullish bias above 1.2310.

Pivot (invalidation): 1.2310

Our preference
Long positions above 1.2310 with targets at 1.2365 & 1.2380 in extension.

Alternative scenario
Below 1.2310 look for further downside with 1.2285 & 1.2260 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

USD/JPY

Target 108.55.

Pivot (invalidation): 107.95

Our preference
Long positions above 107.95 with targets at 108.25 & 108.55 in extension.

Alternative scenario
Below 107.95 look for further downside with 107.65 & 107.50 as targets.

Comment
Technically the RSI is above its neutrality area at 50.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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